Real Story Behind Rate Volatility; Slower Forbearance Improvement; Origination Forecast
It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said
Big Victory This Week (In Response To Last Week’s Big Loss)
Big Victory This Week (In Response To Last Week’s Big Loss) Relative to the spectrum of possibilities, ending the week with 10yr Treasury yields under
The Real Story Behind The Past 2 Weeks of Mortgage Rate Volatility
It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said
Improvements in Forbearance Continue to Slow
A decline in the number of forborne loans in those portfolios serviced for banks and private label securities (PLS) accounted for most of the modest
First Quarter Projections: Steady as They Go
Freddie Mac’s first quarter 2021 economic forecast is unusually short, and, unlike recent forecasts from either of the GSEs, has relatively few revisions. The company’s
Post-2008 Standardized Practices Have Helped Manage Forbearances
Fannie Mae said that the standardization of servicing standards that followed the 2008 housing crisis appears to have helped the industry manage the recent flood
Retail, Ops Jobs; Appraisal, Non-QM, Jumbo, DPA Products; Industry Weighs in on Good Freddie/Fannie News
Retail, Ops Jobs; Appraisal, Non-QM, Jumbo, DPA Products; Industry Weighs in on Good Freddie/Fannie News As Flagstar’s Marcus L. points out, “1999 doesn’t sound like
Bonds Not Threatened By Stimulus; Consolidation Continues
After the GA senate elections, the bond market immediately knew it needed to prepare for additional stimulus, even if moderate democratic voices might serve to
Bonds Playing it Extra Safe Ahead of Biden’s Stimulus Details
Bonds Playing it Extra Safe Ahead of Biden’s Stimulus Details As we discussed yesterday, the strong mid-week rally suggested a good amount of short covering was
Waiting On Stimulus Details, Shrugging Off Early Reports of $2 Trillion
MBS Day Ahead: Waiting On Stimulus Details, Shrugging Off Early Reports of $2 Trillion A few hours after markets closed yesterday, news began coming out regarding
Warehouse, Sales Jobs; Digital, AMC, Pricing Tools; Comp Survey; Cap. Markets, Broker Products
Warehouse, Sales Jobs; Digital, AMC, Pricing Tools; Comp Survey; Cap. Markets, Broker Products With the money I’m saving on “Dry January,” I was able to
Refi Applications Highest Since March; Rates Recovering, But Well Off Recent Lows
It was a typical first-work-week-after-the holiday bounce for the mortgage indexes, although the surge was significantly more restrained than last year. Perhaps the nation was